### A1 - BLAGAB I minus E computation

| Step 1 – BLAGAB income | Property business (LAM3090) | 47,701 | |------------------------|-----------------------------|--------| | | Loan relationship and derivative income (LAM03070) | 527,136 | | Step 2 – BLAGAB chargeable gains less losses | Net chargeable gains (LAM03200) | (G) 230,333 | | Step 3 – Sundry receipts and minimum profits charge | Sundry receipts (LAM03090) | 455 | | | Minimum profits charge (A2) (LAM03500) | 9,500 | | Step 4 – Sum of steps 1 – 3, deduct any BLAGAB non-trading deficit. Result is ‘I’ | Sum of steps 1 – 3 | 821,247 | | | Non-trading deficit (LAM03070) | (2,501) | | | ‘I’ | 818,746 | | Step 5 – Adjusted BLAGAB management expenses ‘E’ | Less BLAGAB management expenses (LAM04000) | (A3) (288,650) | | Step 6 – subtract ‘E’ from ‘I’ | I minus E profit / (excess BLAGAB expenses) | (A8) 536,218 | | | Less non-BLAGAB allowable losses under s95 FA 2012 (LAM03400) | (6,122) | | | | 530,096 |